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What are the three key features of the financial system that result from the existence of transactions and information costs?
Floodplain
A flat area of land adjacent to a river or stream that experiences occasional or regular flooding.
Flooded
Describes areas that have been overwhelmed with water, often due to excessive rainfall, river overflow, or dam failure.
Terrace
A relatively level or gently inclined surface or bench bounded on one edge by a steeper descending slope.
Entrenched Meanders
Deeply incised meanders in a river or stream that retain their winding course because the land elevation change has been rapid compared to the lateral motion of the river.
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